aA
In accordance with a decision by the majority of shareholders at the AS Olainfarm Extraordinary Meeting of Shareholders held on 14 October 2021, AS Olainfarm shares are being delisted from the regulated market, and the company’s shares will no longer be traded on the NASDAQ Riga Stock Exchange. In order to ensure that AS Olainfarm shareholders have the opportunity to receive fair value for their shares, the mandatory buy-back of AS Olainfarm shares is currently taking place. It is being conducted in accordance with the provisions of the Republic of Latvia’s Financial Instrument Market Law, and is being overseen by the Financial and Capital Market Commission (FCMC).
AS AB CITY starts the mandatory buy-back of AS Olainfarm shares
© Organizatorių nuotr.

Pursuant to the Financial Instrument Market Law, the price of one share has been set at EUR 9.26.

All shareholders are entitled to sell their AS Olainfarm shares as part of the mandatory share buy-back. To exercise their rights to take part in the mandatory AS Olainfarm share buy-back, shareholders must approach the custodian of their securities to submit an order to sell their shares as part of the mandatory AS Olainfarm share buy-back. You can find out how many shares you own from the custodian of your securities.

The mandatory share buy-back will conclude on 7 December 2021, and after this date orders from shareholders to sell their shares as part of the mandatory share buy-back will no longer be accepted.

With the delisting of AS Olainfarm from the stock exchange, it will no longer be possible to buy or sell the company’s shares on the stock exchange at the current market price. Henceforth if shareholders want to sell their AS Olainfarm shares, they will have to find a buyer and reach an individual agreement regarding the share price.

If they have any questions or queries, shareholders are invited to visit AS Olainfarm’s internet homepage: www.olainfarm.com.

Information about the share buy-back offer has been published in the Republic of Latvia’s official publication Latvijas Vēstnesis, which is available online free of charge at: www.vestnesis.lv. The mandatory share buy-back offer prospectus approved by the Financial and Capital Market Commission is available on AS Olainfarm’s website: https://lv.olainfarm.com and the Nasdaq Riga Stock Exchange website: https://nasdaqbaltic.com.

invoice_no: PT_88613573

White House to pursue enhanced cooperation with Lithuania

The White House says it will pursue enhanced cooperation with Lithuania on trade and security issues.

Cabinet approves new car pollution tax

The Lithuanian government approved on Wednesday the Environment Ministry's proposal to scrap the...

Lithuania gears up for future without Belaruskali fertilizers, despite many unknowns

As the United States introduced sanctions in August for Belaruskali, one of the world's largest...

Old-age pensions to rise by EUR 50 on average from January

Lithuania's average old-age pension is set to increase by 51 euros to 465 euros as of next January,...

Ministry proposes to scrap car registration levy phase in new pollution tax

The Lithuanian Environment Ministry proposes to scrap the existing one-off vehicle registration levy...

Top news

Lithuania explores possibility of initiating intl court process against Lukashenko

The Lithuanian government is looking into the possibility of initiating an international court process...

White House to pursue enhanced cooperation with Lithuania

The White House says it will pursue enhanced cooperation with Lithuania on trade and security issues.

Stoltenberg and von der Leyen to visit Lithuania

NATO Secretary General Jens Stoltenberg and European Commission President Ursula von der Leyen to come...

President and EC, NATO leaders to discuss triggering NATO's Article 4

Lithuanian President Gitanas Nauseda is set to welcome NATO Secretary General Jens Stoltenberg and...

Lithuania orders isolation, testing for arrivals from South Africa over new COVID variant

All travelers from South Africa and neighboring countries will have to self-isolate and take two tests...